Energy analytics firm WegoWise buys Melon Power

Energy analytics firm WegoWise buys Melon Power

Finding tools and software for energy management can be challenging as building owners have to navigate an ever-growing market to track and analyze energy use in commercial buildings.

The latest vendor is WegoWise, which offers a Web-based platform to analyze water, gas and electricity data, mainly targeting multi-tenant apartment building owners. The Mass.-based company has acquired Melon Power, a startup that leverages Green Button and other utility data to help commercial buildings target Energy Star benchmarking.

"Our approach is focused on the value of data and capturing a lot of business intelligence from property management," says Chen. "It was a natural decision to combine our collective innovations and target the commercial market."

But making a dent in the ever-growing commercial market for energy software and services will be a challenge. Chen points to key differentiators in WegoWise's more "universal solution" -- the platform tracks water and natural gas data as well as electricity -- and the company's sizable database of 165 million square feet of property from more than 11,000 buildings.

WegoWise, which raised $1.9 million in Series A funding round last year, plans to make the commercial building offering available in the first quarter of 2013.